HAWX vs. DFWIX
Compare and contrast key facts about iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and DFA World ex U.S. Core Equity Portfolio (DFWIX).
HAWX is a passively managed fund by iShares that tracks the performance of the MSCI ACWI ex USA 100% Hedged to USD. It was launched on Jun 29, 2015. DFWIX is managed by Dimensional. It was launched on Apr 9, 2013.
Performance
HAWX vs. DFWIX - Performance Comparison
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HAWX vs. DFWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 3.57% | 26.24% | 14.88% | 17.05% | -8.59% | 13.40% | 6.92% | 22.75% | -9.77% | 19.21% |
DFWIX DFA World ex U.S. Core Equity Portfolio | 0.08% | 33.45% | 4.34% | 16.74% | -14.04% | 22.41% | 9.35% | 19.98% | -17.00% | 30.17% |
Returns By Period
In the year-to-date period, HAWX achieves a 3.57% return, which is significantly higher than DFWIX's 0.08% return. Over the past 10 years, HAWX has outperformed DFWIX with an annualized return of 11.24%, while DFWIX has yielded a comparatively lower 10.00% annualized return.
HAWX
- 1D
- 2.38%
- 1M
- -5.92%
- YTD
- 3.57%
- 6M
- 9.86%
- 1Y
- 25.94%
- 3Y*
- 17.89%
- 5Y*
- 10.95%
- 10Y*
- 11.24%
DFWIX
- 1D
- -0.33%
- 1M
- -10.77%
- YTD
- 0.08%
- 6M
- 4.76%
- 1Y
- 27.12%
- 3Y*
- 15.13%
- 5Y*
- 10.04%
- 10Y*
- 10.00%
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HAWX vs. DFWIX - Expense Ratio Comparison
HAWX has a 0.35% expense ratio, which is higher than DFWIX's 0.31% expense ratio.
Return for Risk
HAWX vs. DFWIX — Risk / Return Rank
HAWX
DFWIX
HAWX vs. DFWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) and DFA World ex U.S. Core Equity Portfolio (DFWIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HAWX | DFWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.81 | -0.09 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.36 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.00 | +0.27 |
Martin ratioReturn relative to average drawdown | 9.61 | 8.26 | +1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HAWX | DFWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.81 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.68 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.65 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.49 | +0.11 |
Correlation
The correlation between HAWX and DFWIX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HAWX vs. DFWIX - Dividend Comparison
HAWX's dividend yield for the trailing twelve months is around 2.71%, less than DFWIX's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF | 2.71% | 2.80% | 3.31% | 2.95% | 16.94% | 2.63% | 2.00% | 3.23% | 2.51% | 2.40% | 2.49% | 3.86% |
DFWIX DFA World ex U.S. Core Equity Portfolio | 3.21% | 3.00% | 3.32% | 3.36% | 3.11% | 10.71% | 1.81% | 2.36% | 3.50% | 2.36% | 2.59% | 2.31% |
Drawdowns
HAWX vs. DFWIX - Drawdown Comparison
The maximum HAWX drawdown since its inception was -30.63%, smaller than the maximum DFWIX drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for HAWX and DFWIX.
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Drawdown Indicators
| HAWX | DFWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.63% | -41.80% | +11.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -10.82% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -27.31% | +9.84% |
Max Drawdown (10Y)Largest decline over 10 years | -30.63% | -41.80% | +11.17% |
Current DrawdownCurrent decline from peak | -6.37% | -10.82% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -8.23% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 2.87% | -0.23% |
Volatility
HAWX vs. DFWIX - Volatility Comparison
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) has a higher volatility of 6.92% compared to DFA World ex U.S. Core Equity Portfolio (DFWIX) at 6.21%. This indicates that HAWX's price experiences larger fluctuations and is considered to be riskier than DFWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAWX | DFWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 6.21% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 9.58% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 14.65% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 14.94% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 15.55% | -0.47% |